Stop Reversal indicator

Stop Reversal indicator

The indicator is pretty similar to a Supertrend but based on fixed steps with pips/points instead of multiple of ATR. The arrows plotted on the price chart are the reversal of this “supertrend”.
I added an option to display or not the line that show the trend and when the price is crossing it (showLine).
The “nPips” setting is the size in points/pips between the current close and the “stop and reverse” trend line. You should adapt it for the instrument and timeframe displayed on your chart.


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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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  1. Geronima Ortiz • 05/11/2018 #

    Grazie Nicolas,
    è possibile creare un sistema di trading con questo indicatore?
    Ho provato ma non ci sono riuscita

  2. Geronima Ortiz • 05/11/2018 #

    Thanks, Nicolas
    is it possible to create a trading system with this indicator?
    I tried but I could not do it

    • Nicolas • 05/11/2018 #

      Yes of course, be sure to set ‘showline=1’.
      In your trading system, just test if the Close is crossing over or under the black line (variable name = myline). Just like what we do with a usual Supertrend for instance.

  3. Geronima Ortiz • 05/11/2018 #

    // Definizione dei parametri del codice
    DEFPARAM CumulateOrders = False // Posizioni cumulate disattivate

    // Condizioni per entrare su posizioni long
    indicator1 = CALL “PRC_StopReversal”[0.004, 1]
    c1 = (close >= indicator1)

    IF c1 THEN

    // Condizioni per uscire da posizioni long
    indicator2 = CALL “PRC_StopReversal”[0.004, 1]
    c2 = (close <= indicator2)

    IF c2 THEN

    I was helped by the simplified creation
    I get this result, but it only works long.
    I would like to get the system to look for the best NPIPS.
    Can you help me? thank you

    • Nicolas • 05/11/2018 #

      You can try to optimize values for instruments/timeframes, like it is explained in this video:

  4. Geronima Ortiz • 05/11/2018 #

    I’m sorry to come back here,
    I can not transform your indicator into a trading system.
    can you help me?
    I believed that the simplified creation was useful for those like me who do not know anything about language, but no!

    • Nicolas • 05/11/2018 #

      You should test crossing of close with the indicators line and not if it’s above or below

  5. Geronima Ortiz • 05/11/2018 #

    // Definizione dei parametri del codice
    DEFPARAM CumulateOrders = False // Posizioni cumulate disattivate

    // Condizioni per entrare su posizioni long
    indicator1 = CALL “PRC_StopReversal”[0.004, 1]
    c1 = (close CROSSES OVER indicator1)

    IF c1 THEN

    // Condizioni per uscire da posizioni long
    indicator2 = CALL “PRC_StopReversal”[0.004, 1]
    c2 = (close CROSSES UNDER indicator2)

    IF c2 THEN

    // Condizioni per entrare su posizioni short
    indicator3 = CALL “PRC_StopReversal”[0.004, 1]
    c3 = (close CROSSES UNDER indicator3)

    IF c3 THEN

    // Condizioni per uscire da posizioni short
    indicator4 = CALL “PRC_StopReversal”[0.004, 1]
    c4 = (close CROSSES OVER indicator4)

    IF c4 THEN

  6. Geronima Ortiz • 05/11/2018 #

    okay it seems to me that it works.
    I saw the video you reported to me, but I was not able to put NPIPS as a variable in order to optimize it.
    Can you help me please?

    • Nicolas • 05/11/2018 #

      If you follow the video, it’s easy as 1.2.3 🙂

  7. Geronima Ortiz • 05/11/2018 #

    I watched the video three times,
    but I can not put the npips parameter as a variable.
    I do not understand how to change the code to do it.
    If you can help me I would be happy, otherwise it does not matter.
    Thank you

    • Geronima Ortiz • 05/11/2018 #

      I think the video is for an old version of prorealtime, the images do not correspond at all to the current version.
      I abandoned the idea. Do not worry. That’s okay.
      Thank for all

  8. Nicolas • 05/11/2018 #

    indicator1 = CALL “PRC_StopReversal”[npips, 1]
    and define npips in the optimization window with its start, end and step of variable increment, that’s all 🙂

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